China Shipbuilding Industry Company Limited Posted 180.2 Million Yuan Net Profit in First Half of 2023

China Shipbuilding Industry Company Limited (中国船舶重工股份有限公司) (601989.SH) reported a net profit of 180.2 million yuan in the first half of 2023, reversing a net loss of 634.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 16.9 billion yuan in revenue, up 12.9% year-on-year.

At the end of the reporting period, it had 190.8 billion yuan in total assets and 106.4 billion yuan in total liabilities, with a liability-to-asset ratio of 55.8%.